I have been following the world economy for a long time and in my opinion, at least in my country, Sweden we have asset bubbles and enormous amount of private debt. People are using their houses as a private bank thinking that the house prices will always go up.
To me it is a fraud that money is for free. You can´t invest in bonds since there is no revenue, you can´t buy property since it is overvalued. Because of this all the money goes in to the stock market. It is ridiculous the P/E ratios with some companies. The offical numbers regarding inflation, GDP and job statistics in US is a fraud. The FED is privately owned. Can you imagine having a central bank with shareholders. Wonder who owns the bank, hmmm. China and Russia are buying every ounce of physical gold they can. Wonder why. They are also trading without the dollar and use their own payment system CIPS instead of SWIFT. The dollar is loosing it´s power in the world economy. China is selling bonds denominated in USD. The IMF took in the YUAN in their SDR-basket and US lost their Veto in IMF. I think we are in for a currency crisis and the only one with a balance sheet that is ok is the IMF so they will have to bail out the central banks. Sorry to be a pessimist but it doesn´t look good. The good thing is that a real crisis might wake people up and maybe, maybe we can build a world that is a little bit better than the one we have today.
that would be awesome, but let us not underestimate all the current wars going on right now as I summed up in the OP. There can come many unexpected mega-crisis/false flags etc.
Awesome post @fyrstikken. Solomon was the wisest man that ever lived, but was jacked on women and idols. I'm imagining the temple being built by the man that was given everything. Steem On Friend.
This post has been ranked within the top 25 most undervalued posts in the first half of Nov 30. We estimate that this post is undervalued by $18.51 as compared to a scenario in which every voter had an equal say.
"Yuge, Yuge I tell"
Quote from just a regular day on Steem Speak ;)
hehe, steemspeak-addict :D
Nicely written, you're a great storyteller.
If Trump hadn't won we'd be the new Janissaries ;-)
And then nothing but freedom would matter.
I'm glad he's doing an FDR. I'm glad he's doing a Solomon. I think he'll also do a Cyrus the Great.
Thank you @gizmosia - words to reflect on there.
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I have been following the world economy for a long time and in my opinion, at least in my country, Sweden we have asset bubbles and enormous amount of private debt. People are using their houses as a private bank thinking that the house prices will always go up.
To me it is a fraud that money is for free. You can´t invest in bonds since there is no revenue, you can´t buy property since it is overvalued. Because of this all the money goes in to the stock market. It is ridiculous the P/E ratios with some companies. The offical numbers regarding inflation, GDP and job statistics in US is a fraud. The FED is privately owned. Can you imagine having a central bank with shareholders. Wonder who owns the bank, hmmm. China and Russia are buying every ounce of physical gold they can. Wonder why. They are also trading without the dollar and use their own payment system CIPS instead of SWIFT. The dollar is loosing it´s power in the world economy. China is selling bonds denominated in USD. The IMF took in the YUAN in their SDR-basket and US lost their Veto in IMF. I think we are in for a currency crisis and the only one with a balance sheet that is ok is the IMF so they will have to bail out the central banks. Sorry to be a pessimist but it doesn´t look good. The good thing is that a real crisis might wake people up and maybe, maybe we can build a world that is a little bit better than the one we have today.
I love charts. Here is one for Shipping - only goes back to 2011. it is a fund that tracks Shipping stocks - just as you said = beaten down.
You make so many good points, I will will build them into my series of "What did they (the media) mean?" posts, if i may. Thanks.
yeah, a clear sign of how bad it is right now. Thanks for that chart @carrinm, awesome!
The wall's getting built?
Not unless they plan to fund it with traffic tickets.
time will show, I have no idea if it will actually get built - budget is 1 trillion dollars.
Yes Boss , RNS Going to make them YUGES!!!!
WE called them, The NUg YUGE Project!!!!! Coming Soon iN MeLt DoWn!!!!
lmao :D
Great Article. Interesting take on Trump's bubble. I think you will be correct.
time will show, so far so good at least - and he is not yet in office.
The aftermath of the US Election has been a thriller for sure.
Yes the NWO is here - Trump, brexit, bricks... but its good for us, in 20 years time we will rememeber those days as history - im sure
that would be awesome, but let us not underestimate all the current wars going on right now as I summed up in the OP. There can come many unexpected mega-crisis/false flags etc.
George Soros is not dead yet.
Awesome post @fyrstikken. Solomon was the wisest man that ever lived, but was jacked on women and idols. I'm imagining the temple being built by the man that was given everything. Steem On Friend.
thank you @runridefly, will do :) you too!
This post has been ranked within the top 25 most undervalued posts in the first half of Nov 30. We estimate that this post is undervalued by $18.51 as compared to a scenario in which every voter had an equal say.
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